Palisades Investment Partners LLC Increases Stock Holdings in Sterling Infrastructure, Inc. (NASDAQ:STRL)

Palisades Investment Partners LLC boosted its holdings in shares of Sterling Infrastructure, Inc. (NASDAQ:STRL - Free Report) by 11.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 115,956 shares of the construction company's stock after buying an additional 11,700 shares during the period. Sterling Infrastructure makes up about 8.2% of Palisades Investment Partners LLC's portfolio, making the stock its largest position. Palisades Investment Partners LLC owned approximately 0.38% of Sterling Infrastructure worth $19,533,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of STRL. SBI Securities Co. Ltd. bought a new stake in shares of Sterling Infrastructure in the 4th quarter worth $39,000. Huntington National Bank boosted its position in Sterling Infrastructure by 34.6% during the fourth quarter. Huntington National Bank now owns 288 shares of the construction company's stock worth $49,000 after purchasing an additional 74 shares during the period. National Bank of Canada FI bought a new position in Sterling Infrastructure during the fourth quarter worth about $56,000. Arcadia Investment Management Corp MI purchased a new stake in shares of Sterling Infrastructure in the fourth quarter worth about $71,000. Finally, Venturi Wealth Management LLC lifted its holdings in shares of Sterling Infrastructure by 1,369.0% in the fourth quarter. Venturi Wealth Management LLC now owns 617 shares of the construction company's stock worth $104,000 after buying an additional 575 shares in the last quarter. Institutional investors and hedge funds own 80.95% of the company's stock.

Sterling Infrastructure Trading Up 1.2%

Shares of NASDAQ STRL traded up $2.11 during mid-day trading on Friday, hitting $184.40. The stock had a trading volume of 330,518 shares, compared to its average volume of 500,300. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.29 and a current ratio of 1.29. Sterling Infrastructure, Inc. has a 1 year low of $93.50 and a 1 year high of $206.07. The business has a 50 day moving average price of $146.88 and a two-hundred day moving average price of $156.63. The firm has a market cap of $5.61 billion, a P/E ratio of 31.15, a price-to-earnings-growth ratio of 1.28 and a beta of 1.27.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the stock. DA Davidson raised shares of Sterling Infrastructure from a "neutral" rating to a "buy" rating and set a $185.00 price target on the stock in a report on Thursday, February 27th. Wall Street Zen raised shares of Sterling Infrastructure from a "hold" rating to a "buy" rating in a research note on Thursday.

About Sterling Infrastructure

Sterling Infrastructure, Inc engages in the provision of e-infrastructure, transportation, and building solutions primarily in the United States. It operates through three segments: E-Infrastructure Solutions, Transportation Solutions, and Building Solutions. The E-Infrastructure Solutions segment provides site development services for the blue-chip end users in the e-commerce distribution center, data center, manufacturing, warehousing, and power generation sectors.